Bitcoin is in the bullish channel on the weekly time frame And it can correct up to the range of 52000 to 50000 according to hitting the ceiling of the channel Because a lot of buy orders have been accumulated in the support range, and the 200-day moving average shows the announced support range in daily time. If bitcoin is corrected, altcoins can have a...
Bitcoin's price has breached the $64,000 threshold, causing over $175 million in total liquidations. Over $150 million in shorts position were wiped out, with Binance seeing the most liquidations, with the largest single order being $5.09 million for the Ethereum/USDT trading pair. The price reached an intra-day high of $64,540 on May 4, and trading volume rose by...
Compare volume bars during the multi week downtrend on the left, with those on the right. In 2022 (left) the volume is increasing as expected during a strong downtrend. We don't see that on the right so something is different. Could be the new ETFs or the economy. It's also possible that this is not a downtrend, rather a typical (for BTC) pullback before...
I see 2 strong bearish patterns on Bitcoin chart on a daily. The price broke and closed below a support line of a wide horizontal range. Within the range, the market also formed an inverted cup & handle formation. Its neckline was also broken. These bearish signals make me think that BTC may easily drop lower. Closest support - 53200 ❤️Please, support my...
The last 2 days are very negative for Bitcoin. The market is currently trading around 57000. Here are the important key levels to watch. Resistance 1: 59200 - 61300 area Resistance 2: 66850 - 69100 area Resistance 3: 71600 - 73800 area Support 1: 52200 - 53000 area Support 2: 50500 - 50700 area Support 3: 46900 - 49100 area If the market closes below the...
Pi cycles still on target. Bulls are not giving up the fight. Reversal shows bear trap. Blue wave plot is about to splash and rub with my moving average to create a ROCKET LAUNCH. BTC might reach to GETTEX:59K Double top and bottom connected to rising wedge and bullish flag.
➖ Bitcoin is now red for the fifth week in a row. ➖ Confirmation is no longer needed, the market is about to sell-off. We are looking at Bitcoin on the weekly timeframe. Notice how the week just started and we already have a full red candle. Normally we get the first half of the week green and the second red, on a normal week. This change in behaviour is...
We are at risk of triggering a weekly down trend, which would happen if price breaks under 58k roughly, during this week... Watch the levels outlined in this chart, we have support where the market moved sharply past an area where everyone wanted to buy but couldn't and then refused to pay up (shown by low volume in the volume profile chart for the last up...
depending on THE daily and 4hours CHART ..... the price ll go down. MORE until 58000 then ll make strong up until 64300 again... good luck ....
I decided to chart BTCUSD because I believe we're in an exciting time. We're starting to see our first sign of early growth following post halving. BTC is currently testing a key zone around level $59,750. (Yellow Weekly Line) I see two possible scenarios occurring so I'm in a stalemate on direction. If BTC breaks the current tested level to the upside, I think...
In a very practical and simple way, BTC is post halving and has formed not a large wyckoff reaccumulation structure. Buying in the test as described in the image would be a good swing trade opportunity. But be careful as the test could be a few thousand dollars higher than expected, so it is worth analyzing possible purchases in 15-minute chart analyses. I...
Bitcoin worse case IMO Don't get shaken out Continue to accumulate
Finished bullish Elliot Wave. Sideways should take half of bullishtrend, top of recent bearishtrend, create weak bullish candles or pass resistance and crash down. Can form a triangle pattern. If not, it can do a cup pattern. tip: use a to e waves to know sideways structure end. You can start it from lowest peak and set two more for structure...
This image tell a better story than thousand words. Be patient and don't sell your sats!
simple trading - Bump and Run Pattern Not much to say here, wait for a solid close above the 63k price. We were looking to sell BTC this weekend but with a weekend DOLLAR and a clean break in the buy zone with a pattern as simple as a bump n run... We are looking to buy.
The current price actions of Bitcoin look similar to the bullish fractal in July 2017, suggesting that Bitcoin may reclaim the 50 EMA, hold above it for a few weeks, and continue to rise. Let's see if Bitcoin can close above the 50 EMA next week.
Bitcoin has moved sideways since the end of February, and the cryptocurrency may face a big test soon. The first pattern on today’s chart is the $69,000 peak from November 2021. Prices inched above this level in March and April but failed to hold. Traders may next view a return above the old highs as a bullish signal, while remaining below them could make the...
Bitcoin (BTC) is currently experiencing a pronounced downtrend momentum, characterized by a series of lower lows and lower highs in its price action. This downward movement suggests a prevailing bearish sentiment in the market, with selling pressure outweighing buying interest. Support Level: Bitcoin is approaching a critical support level at 51108. This support...